At the time of writing, Procore Technologies Inc [PCOR] stock is trading at $61.72, down -0.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PCOR shares have gain 4.81% over the last week, with a monthly amount glided 4.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Procore Technologies Inc [NYSE: PCOR] stock has seen the most recent analyst activity on September 24, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $73. Previously, DA Davidson downgraded its rating to Neutral on August 02, 2024, and dropped its price target to $60. On August 02, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $54 on the stock. Macquarie started tracking the stock assigning a Neutral rating and suggested a price target of $70 on June 05, 2024. Mizuho downgraded its rating to a Neutral and reduced its price target to $70 on June 04, 2024. JP Morgan reiterated a Overweight rating for this stock on January 23, 2024, and upped its price target to $81. In a note dated November 02, 2023, Oppenheimer downgraded an Perform rating on this stock.
For the past year, the stock price of Procore Technologies Inc fluctuated between $48.11 and $83.35. Currently, Wall Street analysts expect the stock to reach $73.5 within the next 12 months. Procore Technologies Inc [NYSE: PCOR] shares were valued at $61.72 at the most recent close of the market. An investor can expect a potential return of 19.09% based on the average PCOR price forecast.
Analyzing the PCOR fundamentals
According to Procore Technologies Inc [NYSE:PCOR], the company’s sales were 1.06B for trailing twelve months, which represents an 24.42% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.05 points at the first support level, and at 60.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.36, and for the 2nd resistance point, it is at 63.00.
Ratios To Look Out For
It is important to note that Procore Technologies Inc [NYSE:PCOR] has a current ratio of 1.55. Also, the Quick Ratio is 1.55, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 8.59, the price to book ratio is 7.26.
Transactions by insiders
Recent insider trading involved O CONNOR KEVIN J, Director, that happened on Sep 17 ’24 when 8974.0 shares were sold. Director, O CONNOR KEVIN J completed a deal on Sep 19 ’24 to sell 5128.0 shares. Meanwhile, Director O CONNOR KEVIN J sold 5128.0 shares on Sep 18 ’24.
